Hifood Group Holdings Co., Limited based on a preliminary assessment by the management of the Group on the unaudited consolidated management accounts of the Group for the five months ended 31 August 2018 the loss attributable to the owners of the parent for the Period is expected to be increased by approximately HKD 12.9 million as compared to the corresponding period in 2017. Based on the information currently available, the primary reason for the deterioration of results performance was mainly due to a decline in the Group's revenue by approximately HKD 193.0 million or 75.6%, and gross profit by approximately HKD 35.0 million or 80.3% for the Period as compared to the same period in 2017. The decrease in the Group's revenue was primarily due to significant decrease in sales in United States of America and Mainland China, on weaker-than-expected market condition under a turnaround in consumer interest in fine jewellery, and United States of America and Mainland China trade frictions and domestic financial deleveraging, respectively; accordingly, gross profit declined.